Here’s Why Uniswap’s UNI May Be Far from Forming a Long-Term Bottom

Uniswap’s governance token – dubbed UNI – has been struggling to form a long-term bottom, as each rally results in it seeing significant selling pressure that stunts its growth and leads to further downside. This has led to the token seeing choppy price action, which has generally favored sellers. Bulls are now trying to slow the cryptocurrency’s descent and form a base of support around $4.00, but it remains unclear as to how long this level may hold strong. One trader, while speaking about the cryptocurrency’s near-term outlook, explained that…

Spike in new participants buying Bitcoin is ‘obviously bullish’ — Analyst

The price of Bitcoin (BTC) has remained relatively flat for September and the strong decline in altcoin and DeFi token prices seems to be making the situation worse for many investors.  Despite this lack of bullish momentum, on-chain data reveals that new participants are joining the Bitcoin network at an alarming rate.   Although the price has failed to react to the sharp inflow of new participants, on-chain analyst Willy Woo believes that this is a strongly bullish sign. On Sept.30 Woo tweeted: “We’re seeing a spike in activity by new…

Augur Users Bet $111,000 on Presidential Elections After Biden, Trump Debate

Key Takeaways Augur’s prediction markets have been buzzing as crypto users look to bet on the outcome of the Presidential election. This interest can be measured in the amount of money circulating between the three top prediction markets. Participants are not exclusively American. Share this article Three markets on Augur, a decentralized prediction market, amassed a total of $111,000 following the first U.S. Presidential Election Debate. Joe Biden is the favorite candidate, according to Augur users who are putting real money down to back up their opinions. Source: Augur Augur…

Dash adjusts block reward percentage to improve the economics of its network

Dash Core Group, the entity responsible for developing the privacy-focused coin DASH, publicized fresh changes to the asset’s proof-of-stake network on Sept. 30.  “Dash Core v0.16.0.1 binaries are released and ready for deployment on mainnet by node operators,” said an announcement on Medium from Pasta, one of Dash Core Group’s Developers. “This is a major release and is a mandatory upgrade for all miners and masternodes.” The network update improves the DASH ecosystem in a number of ways, including methods for confirming appropriate masternode holder software, wallet user interface enhancements…

Japanese esports company to pay its players in XRP

SBI esports, a subsidiary of Japanese financial services conglomerate SBI Group, announced that its esports players would receive salaries in Ripple (XRP) going forward as part of a sponsorship deal with venture capital firm, VC Trade. According to the official announcement, player salaries will be paid via crypto instead of fiat in order to strengthen the company’s presence among esports players who also use digital currencies. SBI esports, which is a long-time Ripple partner, said that this sponsorship deal is a way to diversify its portfolio within the blockchain industry.…

Analysts Believe Chainlink is Poised to Rally by 50%+ as It Shows Signs of Bottoming

Chainlink has struggled to maintain its foothold above $10.00, which was lost when the token faced a massive influx of selling pressure that drove its price lower overnight. Bulls have since re-surmounted this level and are ardently attempting to establish it as support. An ability to do this could help create a strong base of support that leads LINK’s price higher in the days and weeks ahead. Where it trends in the near-term may depend largely on Bitcoin and the rest of the crypto market, which have been consolidating throughout…

Dfinity poised to launch straight into Top 5 crypto tokens by market cap

On Sep 30, DFINITY announced its final milestone release before the network’s public launch later this year. This release, called Sodium, represents a “feature complete” version of the network. The company also disclosed details about their governance system, called Network Nervous System, or NNS. NNS will use a proprietary token called ICP to facilitate operations on its “Internet Computer.” At launch, there will be 469,213,710 ICP tokens in existence — a number determined by the quantity of tokens previously issued via pre-sales and other distribution rounds. While NNS’ most recent…

This Chart Suggests Chainlink’s Parabolic Rise Isn’t Finished

Chainlink volatility is increasing after the asset fell from its all-time high of $20. A 60% collapse sent the cryptocurrency plummeting, only to see a record-breaking bounce that beat any intraday throughout the rest of the altcoin’s amazing 2020 so far. And although there was a 60% crash, LINKBTC weekly price charts suggest that the asset’s parabolic advance is still intact, potentially pointing to more new 2020 highs ahead. But if the cryptocurrency can’t maintain its upside momentum, the fall down could be substantial. Chainlink’s Parabola Hasn’t Broken On Bitcoin…

MyEtherWallet’s founder used to pay his rent by mining Bitcoin

Kosala Hemachandra, founder and CEO of crypto asset storage platform, MyEtherWallet, mined Bitcoin as a way to pay his Los Angeles rent between 2014-2015. When it came time to pay his bills, he would convert his coins into cash to facilitate the actual transaction. In conversation with Cointelegraph, Hemachandra reminisced about purchasing Bitcoin mining equipment in college while renting a room at his friend’s home. “I bought a Bitcoin miner and then I had it in my room,” he told Cointelegraph in an interview. “I was mining it and the…

Merchants accepting Bitcoin laud ‘zero chargeback risks’, says BitPay report

BitPay recently released a study highlighting four merchants from different businesses that have implemented Bitcoin as a payment method. The parties selected to participate included a gold broker, an online gift card marketplace, a domain registrar that also serves as a hosting service, and an electronics retailer. In the report, the unnamed merchants praised crypto’s lack of fraud-related chargebacks, noting the immensity of this issue when dealing with traditional institutions. They also reported that while only 0.5% to 6.5% of their total eCommerce sales came from crypto transactions, these helped…